YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Sees Large Growth in Short Interest

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 21,269 shares, an increase of 60.8% from the September 15th total of 13,227 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average trading volume of 12,164 shares, the days-to-cover ratio is presently 1.7 days.

YieldMax PYPL Option Income Strategy ETF Stock Performance

Shares of PYPY traded up $0.05 during trading hours on Friday, hitting $26.31. The company had a trading volume of 1,364 shares, compared to its average volume of 20,314. The stock has a market capitalization of $13.42 million, a price-to-earnings ratio of 18.19 and a beta of 0.69. The firm has a fifty day moving average price of $27.38 and a 200-day moving average price of $27.72. YieldMax PYPL Option Income Strategy ETF has a 52-week low of $24.15 and a 52-week high of $57.00.

About YieldMax PYPL Option Income Strategy ETF

The YieldMax PYPL Option Income Strategy ETF (PYPY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Paypal stock (PYPL) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. PYPY was launched on Sep 25, 2023 and is issued by YieldMax.